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1. $74,700 is the bomb line — over 3.4 billion longs waiting to be liquidated
2. $79,200 is the starting point — filling the CME gap plus short squeeze (above $80,634, there are 1.77 billion shorts hanging)
The range between $75,000 and $76,000 is a critical battleground for bulls and bears
1. Tomorrow (May 21) is the FOMC minutes — the last one during Powell’s tenure, a moment of hawk or dove decision
2. Whether $75,000 can hold or not — if it holds, technical recovery is possible; if it breaks, look toward $72,960